YOUR BUSINESS AUTHORITY
Springfield, MO
YOUR BUSINESS AUTHORITY
Springfield, MO
This marks the sixth consecutive record year for the SBA, which backed a net 100,197 loans worth $19.1 billion during the fiscal year, according to a news release.
SBA’s Springfield branch office, 830 E. Primrose, Ste. 101, approved 427 loans for $96,420,600 in fiscal 2006, the 12-month period that ended Sept. 30.
SBA’s two primary small-business loan programs are the 7(a) loan guaranty program, used most commonly for working capital, and the 504, or Certified Development Co. program, used for the purchase of real estate and fixed assets.
“We are very pleased with the small-business lending performance this past year and for each of the previous five years,” said SBA Administrator Steven C. Preston, in a news release. “These numbers reflect the confidence American entrepreneurs have in the U.S. economy as well as in the SBA lending program that backs their loans.”
See SBJ's Oct. 9 issue for more financial services news.
This installment of Springfield Business Journal’s Architects & Engineers Project Report showcases 26 endeavors by area design and engineering professionals.
Longtime employee sues Ozarks Tech, alleges retaliation
Cavender’s opens hat shop in southeast Springfield
Eric Schmitt introduces Modern Skies Act
Caterpillar to acquire John Fabick Tractor Co.
Springfield airport to cut the ribbon on $35M in construction projects
Legacy Bank accused in lawsuit of failing to protect customers in data breach